The future of Australia's economic success depends in large part upon the development of effective strategies and policies for science, technology and innovation in both the public and private sectors. The creation and creative use of technology underpins the emergence of the 'knowledge economy'. R&D-intensive industries in OECD countries have higher wages, a greater capacity to create jobs and higher rates of profit.

The most productive and fastest growing economies are developing innovative capabilities as core corporate and public-sector strategies. If they do not, it is unlikely that they will be able to maintain their existing levels of long-term economic growth in the face of new and dynamic competitors. Whether its impact is considered at the level of the nation or region, particular industry or individual company, technological innovation and its effective management is a matter of critical importance.

Australian Centre for Innovation's principals have been active in this field for almost thirty years addressing a broad range of issues, including priority setting for research, research evaluation, R&D management, technology strategy, technology assessment, science and technology indicators, intellectual property management, technology transfer, impacts of technological change on employment, technology and regional development, and the economics of innovation.

A new focus of our efforts is towards facilitating a higher level of innovation in small and micro businesses, which make up the great majority of Australia’s economic activity and employment.